Fashion
Karl Lagerfeld to open haute gamme apartment building in Lisbon, followed by residences in the Gulf
Published
December 12, 2025
Karl Lagerfeld has revealed plans to open a haute gamme apartment building in Lisbon and new residences in the Gulf, the latest expansion of the designer brand’s growing real estate realm.
Entitled “Karl Lagerfeld Residences Lisboa”, it will consist of 10 luxurious apartments in central Lisbon, a brand-new building expressing many of the late designer’s ideas on the art of living.
“We insisted on calling it Karl Lagerfeld Residences Lisboa, not Lisbon, to stay true the natural name of the city. This architectural project is from the inside out, not outside in,” insisted Pier Paolo Righi, CEO of Karl Lagerfeld.
Located at 48-50 Rua Braamcamp, it is quipped with a Bauhaus-style garage; clean modernist entrance; and wellness that features spa, sauna and treatment room – all designed to capture Karl’s famous polymath style. There is even an underwater sound system in the pool, like the one Karl installed in his Biarritz hose.
“Our goal is to take the Karl Lagerfeld legacy into the future. What he stood for and still stands for – the personality of a polymath, fashion designer, photographer, and expert of architectural space,” added Righi, in an exclusive interview inside the brand’s Paris HQ in Saint Germain.
In parallel, the house announced that it had signed a deal with AARK Developers to develop Karl Lagerefld Residences, a beachfront residential project in Ras Al Khaimah (RAK), ideally located on Al Marjan Island.
Valued at over $1.4 billion, this iconic ultra-luxury waterfront development is set to redefine beachfront living in the UAE and is scheduled for completion in 2028, delivering a collection of 663 sea view residences. The residences range from one to four bedrooms, with select residences offering private pools.
The new building in Portugal also bears the imprint of Caroline Lebar, Karl’s right-hand woman for some 40 years at his own house. These residences also incorporate brand new sustainable technology, something Karl would have loved,” noted Lebar, holding up a square of photovoltaic glass from Saint Gobain. It will be used on the exterior walls of balconies on every floor, which each feature splash pools.
“The photovoltaic glass will create energy to light up each apartment. That’s beauty and sustainability amplifying each other. Karl would have loved that. Nothing he liked more than finding new solutions for everything,” smiled Lebar, noting that staff will also be attired by Karl Lagerfeld.
The project is a licensing agreement with Overseas, a local developer, and with The One Atelier, an architectural project that has been working so closely with the fashion house. The 10 apartments vary in size from 230 to 380 square-meters.
“We suspect buyers will be from an international audience, as Lisbon is an attractive place for real estate right now,” added Righi, who declined to provide a price estimate. But considering that high-end real estate is selling from €20,000 up per square meter in that district, this is a €60 million-plus project. The building, which is scheduled to open in January 2028, carefully dovetails with the local vernacular and buildings beside it.
On one side a landmark 1972 department store, on the other a ’60s structure with hints of Bauhaus. Their difference in heights is bridged with staggered columns, while the residences are finished in the shade of red Karl used to finish off his brilliant sketches. The façade is completed in ceramic tiles – another link to Portugal. And to Iberia, since the same tiles we will used in a KL project Marbella.
Elsewhere on planet earth, construction work is advanced on Lagerfeld residence in Dubai, due to open in 2027, while a third project is well advanced in Marbella, with the first of five luxe villas due for occupancy in summer 2026.
The whole roll into real estate began with the The Karl Lagerfeld in Macao, a pure hotel with no dual use residential element that blends rock chic and Chinoiserie.
“It has a very high occupancy rate since it opened three years ago. We love that the consumer loves us. It has been first ranked on Trip Advisor this year out of 120 hotels in Macao!” enthused the CEO.
All a great testament to the pulling power of Karl’s name and what he stood for; and an expression of his wide-ranging DNA which few brands can tap into and translate it into cool spaces.
In terms of fashion, Karl Lagerfeld overall has been, “growing decently in single digits” in 2025, said Righi, cautioning that growth is “harder earned than ever.”
The house has been skilfully riding out the currently bearish international fashion market, aided by investment in
KL Jeans. With a local partner, the brand opened 12 new stores this year, particularly in Latin America, in places like Chile, Panama and Ecuador.
“There is a big Lagerfeld family in Latin America. All these stores are working very, very well. We plan to open the same number next year in the region,” he noted.
“I think there is a very good halo effect on the brand; as it can tap into his different points of interests. And that makes people realize Karl was so much more than a fashion designer. He could touch so many different socioeconomic groups – from KL to Chanel, from Fendi to H&M. Plus, the unexpected choice of working with Paris Hilton in our campaigns has worked very well. It’s very Karl. He would have picked the unexpected candidate,” noted Righi.
The sharply shot black-and-white fall 2025 ads riff on the house’s neo-expressionist codes, the mood aided by the fact that unbeknownst to the house, Paris has been a major Lagerfeld fan for many years.
“We visited her new her place three weeks ago in Beverly Hills. She has just bought her neighbor Mark Wahlberg’s house and moved her furniture right next door. Anyway, she showed us photos of her dad and kids in Karl Lagerfeld. She has been buying the brand for years, which feels special and genuine,” mused Righi, looking dapper in a pale gray chalk-stripe gangster/banker suit.
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The uncertainty has increased noticeably, with the ongoing conflict involving Iran weighing heavily on corporate confidence. The escalation has effectively stalled hopes of a near-term economic recovery, particularly as energy markets remain volatile, ifo said in a press release.
In the manufacturing sector, sentiment declined after showing improvement in recent months. The drop was driven largely by a significant deterioration in expectations, while firms also reported a less favourable view of their current business situation. Energy-intensive industries were particularly affected, underscoring the pressure from elevated input costs.
Germany’s business sentiment weakened in March, with the ifo business climate index falling to 86.4 from 88.4 amid rising uncertainty and the Iran conflict dampening recovery hopes.
Manufacturing saw a sharp drop in expectations, especially in energy-intensive sectors.
Trade sentiment also declined due to inflation concerns, although current conditions remained relatively stable across sectors.
The trade sector also registered a decline in sentiment, primarily due to a more pessimistic outlook. Concerns over rising inflation among German consumers have led to weaker expectations in both wholesale and retail segments, signalling subdued demand conditions ahead.
Despite the gloomier outlook, businesses in the trade sector reported a slightly improved assessment of their current situation. This suggests that while present activity remains relatively stable, confidence in future performance is deteriorating.
Fibre2Fashion News Desk (SG)
Operating gross profit surged 35.1 per cent to $886.0 million, while underlying earnings before interest and tax (EBIT) rose 10.5 per cent to $112.8 million. Underlying net profit after tax (NPAT) increased 21.7 per cent to $51.7 million, with statutory net profit after tax (NPAT) up 32.8 per cent to $40.3 million.
Myer has reported strong H1 FY26 results, with total sales rising 24.5 per cent to $2,279.5 million and NPAT up 21.7 per cent to $51.7 million.
Growth was supported by Apparel Brands integration and strategic investments.
Loyalty members reached 5.1 million.
Early H2 FY26 sales rose 1.7 per cent, though the company remains cautious amid macroeconomic pressures and weak discretionary demand.
The company maintained strong financial discipline, with cost of doing business at 27.9 per cent of total sales, within its FY26 target of around 29 per cent. Myer also reported a robust net cash position of $287 million, reflecting strong cash conversion and balance sheet flexibility, Myer said in a press release.
Myer’s ongoing transformation strategy continued to gain traction during the period, particularly through its customer engagement and brand expansion initiatives. The relaunched Myer one loyalty programme reached a record 5.1 million active members, supported by enhanced personalisation driven by AI-led data modelling.
The company also strengthened its product portfolio, introducing new exclusive brands and securing partnerships with global names such as Fenty Beauty, La Mer, Gap, and Topshop.
“Our H1 result reflects momentum across our business as we continue to implement the Myer Group Growth Strategy. Sales growth was achieved both in store and online, and our disciplined cost management allowed us to make targeted investments including in e-commerce, marketing, product, merchandise and supply chain to deliver on our plan,” said Olivia Wirth, executive chair at Myer.
“We achieved our biggest Black Friday on record for Myer Retail, and total sales for the group through the important trading months of December and January were in line with last year—a good outcome that demonstrates the resilience of the business,” added Wirth.
The integration of Myer Apparel Brands progressed steadily, with the company targeting at least $30 million in annualised synergies, alongside an additional $10 million from integrating sass & bide, Marcs, and David Lawrence.
Operationally, Myer continued to optimise its store network, closing 22 stores and opening 12 during the period, while advancing its omni-channel capabilities. The company is set to launch an expanded Myer Marketplace platform in May 2026.
Supply chain efficiency also improved, with 32 per cent of online orders fulfilled through third-party logistics and distribution centres, compared to 13 per cent a year earlier.
In the first seven weeks of the second half (H2), total sales grew 1.7 per cent YoY, with Myer Retail sales up 2.2 per cent, driven by strong performance in home and kids categories.
Despite the positive momentum, the company remains cautious amid macroeconomic uncertainty and pressure on discretionary spending.
“Given the current volatility in the wider macroeconomic environment and the ongoing pressures on discretionary spending, we are more focused than ever on delivering value for our customers,” added Wirth.
Fibre2Fashion News Desk (SG)
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